In a report released yesterday, Ling Lee Keng from DBS maintained a Buy rating on Silverlake Axis (SLVFF – Research Report), with a price target of S$0.42. The company’s shares closed last Monday at $0.25.
Lee Keng covers the Technology sector, focusing on stocks such as CSE Global, UMS Holdings, and Venture. According to TipRanks, Lee Keng has an average return of -8.6% and a 24.32% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Silverlake Axis with a $0.34 average price target.
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SLVFF market cap is currently $628M and has a P/E ratio of 15.18.
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Silverlake Axis is a Singapore-based provider of software solutions for the banking, insurance, government, retail, and logistics industries. The firm’s operations are organized in six segments: software licensing, software project services, maintenance and enhancement services, sale of software and hardware, credit card processing services, and insurance processing services. The firm has operations in Southeast Asia, Northeast Asia, South Asia, the Middle East, North America, Africa, and Europe.
